Photonics Devices Market – Global Industry Size, Share, Trends, Forecast and Opportunities, 2018-2028, Segmented By Product (LED, Lasers Sensors Detectors & Imaging Devices, Optical Communication Systems & Components, Consumer Electronics & Devices and Others), By Application (Displays, Information & Communication Technology, Photovoltaic, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, Production Technology and Others), By Industry Vertical (Building & Construction, Media Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Security & Defence, Industrial and Others), By Region, Competition

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Summary

Report Description

Global Photonics Devices Market is growing rapidly owing to the emergence of silicon-based photonics applications. Photonics is becoming the foundational technology model for the next normal. Many enterprises are adopting photonics as a cost-effective solution to bolster the need for high-speed transfer in data communication. The high usage for photonics applications across various industries has become one of the significant factors offering cutting edge services for better efficiency, scalability, and customers’ experience. Moreover, the growth of the market is on account of the increasing demand for energy-efficient and green products across the globe for saving energy and reducing pollution during the forecast period. Technology has become the key enabler of excellence and businesses are gradually becoming mobile as digitalization emerges. The increasing internet penetration and growing usage of smart display devices are further expected to boost the global photonics devices market during the forecast period.

 

Photonics is the technique of producing and utilizing light and other types of radiant energy, with the photon serving as the quantum unit. Instead of electrons, it uses photons to transfer information. Photonics is primarily used for light generation, which includes emission, transmission, amplification, detection, and light modification. Photonics, which is a term for the technologies created based on the light source, has supplied the market expansion. Photonics has a property that may be used to detect and treat issues, to imagine in medical sectors such as examining and studying diseases, as well as solve crimes, which has improved the use of photonics and elevated the market economy. Photonics does also play a great role in enterprise by developing potential for designing and manufacturing devices, systems, and integrated circuits for high-speed data transmission, sophisticated sensing, and imaging applications. The role of this direction is the development of methods for data transmission, reduced power consumption, large integration capacity and large bandwidth. Widely used optic fibers, lasers, and lights used in homes, hotels, computer displays, automobiles, televisions, and theatres are examples of photonics. Fiber optic telecommunications, optical data storage, displays, optical pumping of high-power lasers and laser printing are among the major used applications in photonics.

Emergence of Silicon-based Photonics Applications

The exponential growth and the massive adoption of silicon-based photonics applications are driving the photonics market globally. Silicon photonics (SiPh) is the application of photonics systems, and it is widely used for computation, communication, sensing, and imaging light for faster data transmission in both, between and within microchips. Silicon photonics is a material platform that enables the fabrication of photonic integrated circuits (PICs) utilising silicon on insulator (SOI) wafers as the semiconductor substrate material. Silicon photonics is being used more often in optical data communications, sensing, medicinal, automotive, virtual reality, and artificial intelligence (AI) applications. Nonetheless, silicon is the principal material used by the majority of the semiconductor industry to construct integrated CMOS circuits, resulting in very high yield and cheap cost. Numerous companies have developed various strategies for integrating diverse materials, such as indium phosphide, in silicon photonics. applications to create integrated lasers, modulators, and detectors that drive the photonic circuit. Silicon-based photonics applications such as solid-state LiDAR sensors, photonic integrated circuits (PICs) are some of the common emerging technologies which are gaining traction in the autonomous vehicle and industrial automation space enabling tremendous technical, economical value, high-bandwidth, and software-configurable access to compute and storage. Furthermore, the need for high-speed transfer in data communication and heavy investment is driving the emergence of silicon-based photonics applications, which is expected to drive the growth of the global photonics devices market.

Increasing Use of Photonics in the Healthcare Sector

With applications ranging from diagnostics to surgical instruments to therapies, the healthcare and medical device business is a fast-expanding area of potential for optical and photonics technology. Biophotonics is an important diagnostic technique in gastroenterology. For decades, endoscopes have been used in gastroenterology to identify inflammations and tumors in the esophagus, stomach, and bowel. Deaths could be prevented in many cases if endoscopies were used to find the mutations sooner and remove them. Before a patient has any symptoms, diagnostic biophotonics can identify illnesses in their early stages. The rapid progress in biophotonics in medical sciences for early detection of various diseases by utilizing point-of-care applications and non-invasive imaging techniques is set to propel the global photonics market. Moreover, applications in healthcare such as medical lasers, phototherapy for treatment, bioimaging, optical coherence tomography (OCT) and many more are utilized for patient health awareness, disease diagnostics, eye surgery and enhancing real-time biological process. Furthermore, continuous research and technological advancement in medical devices are enabling the massive use of nanophotonic capabilities in healthcare and are expected to drive the global photonics devices market during the forecast period.

Increase in Demand for Energy-efficient and Green Products

The increasing demand for energy-efficient and green products has enabled potential opportunities which have altered the environment making it more sustainable, reduce greenhouse gas emission, improves public health, and reduce pollution. Green photonic technology impacts energy generation (photovoltaics), solid state lighting for energy saving and displays), decreasing energy consumption in optoelectronic systems and communications. Additionally, the photonics-enabled products offer advantages such as longer lifespan, high energy efficiency, better accuracy, and faster operation. The growing importance of this area in photonics has led to organizations such as OIDA (Opto-Electronics Industry Development Association) and OSA (Optical Society of America) to come forward for enhancing energy efficiency. Thus, the rising demand for cost-effective energy efficient green products is expected to drive the growth of global photonics devices market during the forecast period.


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Market Segmentation

The photonics devices market is segmented into product, application, end-user, and region. Based on product, the market is bifurcated into LED, lasers sensors detectors & imaging devices, optical communication systems & components, consumer electronics & devices and other. Based on application, the market is categorized into displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, production technology and others. The end-user segment is further categorized into building & construction, media broadcasting & telecommunication, consumer & business automation, medical, security & defence, industrial and others.

Market Player

Major market players in the global photonics devices market are IPG Photonics, Innolume GmbH, Infinera Corporation, Hamamatsu Photonics, Finisar Corporation, Shin-Etsu Chemical Company, Nikon Corporation, Ohara Corporation, Signify Holding, and Corning Inc.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Product

By Application

By End-User

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Kuwait

Key companies profiled

IPG Photonics, Innolume GmbH, Infinera Corporation, Hamamatsu Photonics, Finisar Corporation, Shin-Etsu Chemical Company, Nikon Corporation, Ohara Corporation, Signify Holding, Corning Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the global photonics devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

      ·         Photonics Devices Market, By Product

o   LED

o   Lasers Sensors Detectors & Imaging Devices

o   Optical Communication Systems & Components

o   Consumer Electronics & Devices

o   Others

      ·         Photonics Devices Market, By Application

o   Displays

o   Information & Communication Technology

o   Photovoltaic

o   Medical Technology & Life Sciences

o   Measurement & Automated Vision

o   Lighting

o   Production Technology

o   Others

      ·         Photonics Devices Market, By End-User

o   Building & Construction

o   Media Broadcasting & Telecommunication

o   Consumer & Business Automation

o   Medical

o   Security & Defence

o   Industrial

o   Others

      ·         Photonics Devices Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  Japan

§  South Korea

§  India

§  Australia

o   Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  UAE

§  Kuwait

§  Saudi Arabia

§  South Africa 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global photonics devices market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The global photonics devices market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Photonics Devices Market

4.    Executive Summary

5.    Voice of Customers

5.1.     Brand Awareness

5.2.     Reasons for Adopting the Photonics Devices

5.3.     Major Challenges Faced

5.4.     Key Satisfaction Level

6.    Global Photonics Devices Market Outlook

6.1.     Market Size & Forecast

6.1.1.    By Value

6.2.     Market Share & Forecast

6.2.1.    By Product (LED, Lasers Sensors Detectors & Imaging Devices, Optical Communication Systems & Components, Consumer Electronics & Devices and Others)

6.2.2.    By Application (Displays, Information & Communication Technology, Photovoltaic, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, Production Technology and Others)

6.2.3.    By End-User (Building & Construction, Media Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Security & Defence, Industrial and Others)

6.2.4.    By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa (MEA))

6.2.5.    By Company

6.3.     Market Map

7.    North America Photonics Devices Market Outlook

7.1.     Market Size & Forecast

7.1.1.    By Value

7.2.     Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Application

7.2.3.    By End-User

7.2.4.    By Country

7.3.     North America: Country Analysis

7.3.1.    United States Photonics Devices Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Application

7.3.1.2.3.           By End-User

7.3.2.    Canada Photonics Devices Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Application

7.3.2.2.3.           By End-User

7.3.3.    Mexico Photonics Devices Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Application

7.3.3.2.3.           By End-User

8.    Asia-Pacific Photonics Devices Market Outlook

8.1.     Market Size & Forecast

8.1.1.    By Value

8.2.     Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Application

8.2.3.    By End-User

8.2.4.    By Country

8.3.     Asia-Pacific: Country Analysis

8.3.1.    China Photonics Devices Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Application

8.3.1.2.3.           By End-User

8.3.2.    Japan Photonics Devices Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Application

8.3.2.2.3.           By End-User

8.3.3.    South Korea Photonics Devices Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Application

8.3.3.2.3.           By End-User

8.3.4.    India Photonics Devices Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product

8.3.4.2.2.           By Application

8.3.4.2.3.           By End-User

8.3.5.    Australia Photonics Devices Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product

8.3.5.2.2.           By Application

8.3.5.2.3.           By End-User

9.    Europe Photonics Devices Market Outlook

9.1.     Market Size & Forecast

9.1.1.    Product

9.1.2.    By Application

9.1.3.    By End-User

9.1.4.    By Country

9.2.     Europe: Country Analysis

9.2.1.    United Kingdom Photonics Devices Market Outlook

9.2.1.1.        Market Size & Forecast

9.2.1.1.1.           By Value 

9.2.1.2.        Market Share & Forecast

9.2.1.2.1.           By Product

9.2.1.2.2.           By Application

9.2.1.2.3.           By End-User

9.2.2.    Germany Photonics Devices Market Outlook

9.2.2.1.        Market Size & Forecast

9.2.2.1.1.           By Value

9.2.2.2.        Market Share & Forecast

9.2.2.2.1.           By Product

9.2.2.2.2.           By Application

9.2.2.2.3.           By End-User

9.2.3.    France Photonics Devices Market Outlook

9.2.3.1.        Market Size & Forecast

9.2.3.1.1.           By Value 

9.2.3.2.        Market Share & Forecast

9.2.3.2.1.           By Product

9.2.3.2.2.           By Application

9.2.3.2.3.           By End-User

9.2.4.    Italy Photonics Devices Market Outlook

9.2.4.1.        Market Size & Forecast

9.2.4.1.1.           By Value 

9.2.4.2.        Market Share & Forecast

9.2.4.2.1.           By Product

9.2.4.2.2.           By Application

9.2.4.2.3.           By End-User

9.2.5.    Spain Photonics Devices Market Outlook

9.2.5.1.        Market Size & Forecast

9.2.5.1.1.           By Value 

9.2.5.2.        Market Share & Forecast

9.2.5.2.1.           By Product

9.2.5.2.2.           By Application

9.2.5.2.3.           By End-User

10. South America Photonics Devices Market Outlook

10.1.  Market Size & Forecast

10.1.1. By Value

10.2.  Market Share & Forecast

10.2.1. By Product

10.2.2. By Application

10.2.3. By End-User

10.2.4. By Country

10.3.  South America: Country Analysis

10.3.1. Brazil Photonics Devices Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Application

10.3.1.2.3.         By End-User

10.3.2. Argentina Photonics Devices Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Application

10.3.2.2.3.         By End-User

10.3.3. Colombia Photonics Devices Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Application

10.3.3.2.3.         By End-User

11. Middle East & Africa Photonics Devices Market Outlook

11.1.  Market Size & Forecast

11.1.1. By Value

11.2.  Market Share & Forecast

11.2.1. By Product

11.2.2. By Application

11.2.3. By End-User

11.2.4. By Country

11.3.  Middle East & Africa: Country Analysis

11.3.1. UAE Photonics Devices Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Product

11.3.1.2.2.         By Application

11.3.1.2.3.         By End-User

11.3.2. Kuwait Photonics Devices Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Product

11.3.2.2.2.         By Application

11.3.2.2.3.         By End-User

11.3.3. Saudi Arabia Photonics Devices Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Product

11.3.3.2.2.         By Application

11.3.3.2.3.         By End-User

11.3.4. South Africa Photonics Devices Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Product

11.3.4.2.2.         By Application

11.3.4.2.3.         By End-User

12. Market Dynamics

12.1.  Drivers

12.1.1. Emergence of Silicon based Photonics Applications

12.1.2. Increasing use of Photonics in the Healthcare Sector

12.1.3. Increase in Demand for Energy-efficient and Green Products

12.2.  Challenges

12.2.1. Stringent Environmental Regulations Against Few Raw Materials

12.2.2. High Initial Cost of Photonics Enabled Product & Services

13. Market Trends & Developments

13.1.  Surge in demand for Corporate Solutions to Optimize Business Operations for Better Customer Experience

13.2.  Increasing Internet Penetration and Smart Display Devices

13.3.  Increasing Government Initiatives

13.4.  Changing Business needs due to Covid-19 Driving Adoption

13.5.  Rising adoption of Cloud Computing Services

14. Mergers & Acquisitions

15. Company Profiles

15.1.  IPG Photonics

15.1.1. Business Overview

15.1.2. Key Revenue and Financials (if Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.1.6. SWOT Analysis

15.2.  Innolume GmbH

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (if Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.2.6. SWOT Analysis

15.3.  Infinera Corporation

15.3.1. Business Overview

15.3.2. Key Revenue and Financials (if Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services

15.3.6. SWOT Analysis

15.4.  Hamamatsu Photonics

15.4.1. Business Overview

15.4.2. Key Revenue and Financials (if Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services

15.4.6. SWOT Analysis

15.5.  Finisar Corporation

15.5.1. Business Overview

15.5.2. Key Revenue and Financials (if Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.5.6. SWOT Analysis

15.6.  Shin-Etsu Chemical Company

15.6.1. Business Overview

15.6.2. Key Revenue and Financials (if Available)

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.6.6. SWOT Analysis

15.7.  Nikon Corporation

15.7.1. Business Overview

15.7.2. Key Revenue and Financials (if Available)

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.7.6. SWOT Analysis

15.8.  Ohara Corporation

15.8.1. Business Overview

15.8.2. Key Revenue and Financials (if Available)

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.8.6. SWOT Analysis

15.9.  Signify Holding

15.9.1. Business Overview

15.9.2. Key Revenue and Financials (if Available)

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

15.9.6. SWOT Analysis

15.10.  Corning Inc.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials (if Available)

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services

15.10.6. SWOT Analysis

16. Strategic Recommendations

16.1.   Dominating Market by Product

16.2.   Fastest Growing Market by Application

16.3.   Dominating Market by Region

17. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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IPG Photonics, Innolume GmbH, Infinera Corporation, Hamamatsu Photonics, Finisar Corporation, Shin-Etsu Chemical Company, Nikon Corporation, Ohara Corporation, Signify Holding, and Corning Inc. are the major market players in the Global Photonics Devices Market.

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Photonics is the technique of producing and utilizing light and other types of radiant energy, with the photon serving as the quantum unit. Instead of electrons, it uses photons to transfer information.

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North America is the fastest-growing region in the global photonics devices market owing to rising investment in R&D facilities and the presence of prominent players growing needs of high-speed transfer in data communication in the organization.

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The photonics aggregates large-scale real-time data analysis and offer large bandwidth, low-loss transmission, large integration capacity with scalable solution and cost reduction capabilities.

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Sakshi Bajaal

Business Consultant
Press Release

Global Photonics Devices Market is Attributed to Grow During the Forecast Period Owing to its Low Energy Consumption Feature

Mar, 2023

The Emergence of Silicon based Photonics Applications is expected to drive the market of the Global Photonics Devices Market during the forecast period of 2024-2028.

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